Universal Digital Payment Network Unveiled at DAVOS
It was unveiled by Red Date Technology, a Hong Kong headquartered company
Red Date Technology, a company headquartered in Hong Kong, is seemingly aspiring to take over the world.
On January 19, 2023, Red Date Technology unveiled the Universal Digital Payment Network (UDPN) at the World Economic Forum (WEF), 2023, meeting in Davos, Switzerland. It is believed that UDPN is a distributed ledger technology (DLT) platform, that would fulfil the same purpose in contrast to SWIFT network for banks, but for stablecoins and CBDCs.
A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies.
“UDPN has been in development for the last two years with contributions from GFT, Red Date Technology, TOKO, and DLA Piper. A sandbox was launched in July of 2022, where multiple banks were actively testing stablecoin transfer and FX transactio…
